OTCQX:GTBAF - Post by User
Post by
Hermodon May 08, 2020 2:32pm
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Post# 31004554
More math...
More math... I am bad at math. I know what I can potentialy earn mone on, but I am bad at math. As such I have tried to make things easier for myself, and I have come to the following "formula".
If we assume LP contains 1 gram gold per metric ton rock, on average, we get the following:
1 cubic meter of rock is (approx.) 2.4 tonnes. That gives 2.4 grammes of gold per cubic meter of rock.
This means that we need 400 cubic meters of rock to produce 1 kilo of gold.
If the strike lenght of LP is 4000 meters, there is 10 kilos of gold per 1x1x4000 meter of LP. That equals 321.5 troy oz
321.5 x 1700 (US) = $546.550 US. This is the current value of gold content in our imaginary line of 4000 1 cubic meters of rock.
Now imagine something that is 10 x 10 x 4000 meters, and you get that amount x 100. That is $54.655.000 US
If we then imagine that we got 100 x 100 x 4000 meters of rock, we get to go x100 again. ....hmm, correct me if I am wrong but that seems to be $5.465.500.000 US
And from what we can extrapolate, we should be ablie to add another x5 to that, if we imagine that the depth is not 100 but 500 meters. 100 x 500 x 4000 meters.
I know. Boring. Why trying to figure these things out, when just being a pleb hoping that his investment will pan out? Well, it is (Friday) evening where I live, and I have absolutely nothing better to do. And it actually feels rather okay, after all. The next 12-18 months... I look forward to them.
I think I'll have a beer now.